♪ >> from the heart of where innovation, money, and power collide, and silicon valley and beyond, this is bloomberg technology with emily chang. emily: i'm emily chang and this is "bloomberg technology."

and i will sit down with the ceos of bitcoin and airbnb. but conservative outlook for bumble with an all-time low. now hiring, with urgency. amazon puts out the help wanted sign for 75,000 workers, offering signing bonuses. and another crazy day and bitcoin, binance, and elon musk doing a 180 about bitcoin, we will have a reaction to that end earnings with coinbase coo. i will be speaking with emily choi coming up in just about 10 minutes, and at the bottom of the hour, bumble's ceo joining me. later, i will speak to disney ceo an the next hour, airbnb's ceo. the market we go where stocks

climbed and kriti gupta has the latest. kriti: green on the screen for the s&p 500, but a little bit of a mixed picture, the nasdaq 100, doing really well today, really rebounding from three sessions of selling and big tech, not joining in on that trade. they were leading the charge earlier in the session before pulling back and now you see them in the red, 0.7% down on the day. i want to show you what this looks like on a year-to-date basis. if you look at the nasdaq 100 and the new york faang index, those tech companies have been far more volatile. really crucial because some of those etf's track the nasdaq 100 over the new york fain index , so that is the macro. we did see a little bit of a reemergence of some of the retail bids. hitting session highs all at once. it was a little bit of the action and you look at shares of

amc or gamestop, let's start with amc, really seeing the spike around 2:00, pretty violent and pretty strong for it makes someone think, are those reddit traders back in the game? while we are sticking with micro, let's go back to some of those earnings stories because we did get a slew of earnings. disney under pressure after hours. second-quarter subscribers coming in at 103 point -- 103.6 million. then you have an upside surprise with airbnb on their earnings. beat analyst estimates. not enough to keep the stock higher. coinbase shares were initially falling. this revenues were falling short of wall street estimates. it is interesting you are seeing those shares in after-hours trading. lastly, we have doordash beating sales and boosting their outlook. those restaurants, the reopening trade helping the doordash shares.

emily: we are going to be covering all those companies over the course of the hour. thanks for the roundup. sticking with earnings getting some reaction to airbnb and doordash in particular. we have tom white of da davidson with us. doordash shares way up. let's start there. what is happening? tom: thanks for having me, emily. both prints were strong. both outlooks from the company were strong. you have airbnb under a little bit of pressure should that is -- a little bit of pressure and that is more of a reflection that that stock did not come in in the last three months of some of the other names. doordash is a good example. that stock has been weaker than airbnb. expectations are a little bit lower and you are seeing that stock react a little bit better. emily: airbnb gross bookings now more than $10 billion and still higher than pre-pandemic levels,

which i thought was surprising. what are the risks you see ahead for airbnb if there is a travel rebound? why would investors be skeptical? >> i don't know if there is any huge glaring risk. one of the things that stands out when you look at the numbers tonight was the strength in average daily rates. the price of that house are charging for rooms to -- price that hosts are charging for rooms. adrs up 35% year-over-year. in the letter, they talk about how that is not going to be sustainable. that there is a supply and demand imbalance in the marketplace. if you think about if it was mostly adr, that is not a sustainable driver.

looks a little less impressive. i don't want to say that is -- this is still a solid quarter for airbnb. they talk about april being stronger than march. that is a good sign heading into the second quarter. emily: when it comes to doordash, you have the opposite story. coming out of a pandemic, you might expect people to order less food online. we all have these new habits. that said, competition is stiff in the food delivery market. how do you see doordash weathering competitors doubling down? >> what stands out from the doordash results and outlook as the guidance on the second quarter. the topline trend, the expect should they expect -- the topline trend, they expect those to be better sequentially. there been a lot of questions about once -- what will the growth profile look like? doordash is guiding to the

improvement in revenue. there is still this question of what happens as we get farther into this recovery and reopening and you are going to get a reset of the online delivery businesses. on the full year ebitda outlook, they took up the high end of the range. they had been guiding to 200 million. they are now guiding to 300 million. a little bit of uncertainty with that end of the range. near term, it seems like top line trends are strong. there is some questions for when things normalize, what is the business look like? emily: any concerns about regulation given some changes we are seeing to the gig economy and what we don't know about what stands the biden administration will take? that's what -- what stance the biden administration

will take? >> in the online food delivery space and the driver space, the last few weeks, it has been top again because the secretary is making comments making investors nervous. it is unclear what the labor department can do unilaterally to compel reclassification of drivers. i don't think that is happening anytime soon. this administration is going to have to put more focus on that issue, put more pressure on the gig companies. another issue facing doordash and the delivery side of uber is all these restaurant commission caps we have seen crop up over the course of the pandemic, a lot of cities, particularly new york near riley, there is leadership calling for the -- new york near where i live, there is leadership calling for the commission caps to go permanent. that part of the regulatory side of things in the delivery space could continue to heats up as labor classification start the

summer off as well. emily: tom white. always good to have you here. coming up, coinbase lighting after reporting its first earnings just shy of estimates, but the exchange turning better-than-expected profit drives and trading volume. emily choi joins us to talk about the crypto volatility and elon musk's crypto about-face. this is bloomberg. ♪

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emily: coinbase out with its first earnings report sentence -- since it's blockbuster market debut in april. the exchange increases across the board in verified users and massive increases in trading volumes. shares rising after hours. i caught up with the coinbase president and coo to get her key takeaways from the reports and where she thinks crypto is heading from here. >> emilie: the crypto economy is taking off. coinbase as a platform is taking advantage of the opportunity. it is cool to see this wave of activity not only from retail users but also from institutions. we have not seen it in this growth before, and what i think you are seeing here is that there is a lot more credibility. you have high quality institutions who want to participate, who seen the opportunity and are jumping on board.

emily: you have been a public company for a few weeks now. a huge debut, but there has been a lot of volatility in the crypto space since then but also inquiry b-shares. what is it like being a public company and what do you make of that volatility? emilie: welcome to crypto. it is a feature, not a bug in many ways. we were operating as a public company internally for so long. we are so used to this. we are looking at the long-term. these blips do not phase us. that is how you have to look at it, as a long-term opportunity and you buckle up and go for it. emily: you are not providing much financial guidance. why is that? do you foresee a time where you might provide more guidance? >> it goes to your last question . this is a new nation technology shift, much in the way the internet took hold and changed people's lives fundamentally.

with those textron next, technology --with those, technology shifts, you are going to see volatility. for us, we are not going to play that game of short-term management. we are playing a long-term game. i cannot foresee us doing the whole guidance thing because the whole industry and our company have such an incredible opportunity and we are not going to think about it in a quarterly way. we are going to think about it as a long-term game. emily: you cite the market as a reason for guidance. what are the biggest question marks for you? >> it is how do we create the most user-friendly experiences. i use the analogy of the old mobile phone that had these clunky interfaces. we are in that phase of crypto. we have to make it more usable. we have to make it more accessible.

we have to have more regulatory certainty. we are seeing so much participation now, we feel like there is a great opportunity ahead of us. emily: elon musk abruptly announced tesla will stop accepting bitcoin as a form of payment. crypto markets losing hundreds of millions of dollars on the back of that to eat. -- on that tweet. what is your take on that? is there something wrong with that picture? >> there are so many misconceptions about the space. 75 percent of miners are using renewable energy to mine. i welcome elon and brilliant minds like him. it helps us drive forward more and more sustainable innovation. you are seeing we are moving

from a proof of work to a proof of stake type of mechanism. when they do that, that is the way we are driving more renewable energy. in any case, i just want to say, i do think that there are a lot of other industries and devices that consume a lot more energy with bitcoin, so you have to put things into perspective like christmas lights and dryers and game consoles. but we want to have these dialogs that we want elon to participate. i would not be surprised if there is something bigger behind that. emily: that is interesting. he was just on snl talking about dogecoin saying it is a hussle. unclear whether he was joking or whether he was serious. either way, markets are reacting to that. coinbase does not carry doge. are you at all reconsidering that and why don't you at this point? >> we have a process where we list assets according to a

framework we pioneered. look at a variety of different activities to make sure we feel -- attributes of different assets to make sure we feel comfortable putting them on the platform including security. a bunch of different features. we score those assets and we add them based on a bunch of those factors. we obviously see the demand for doge. it was one of the top questions we got from investors in the quarterly earnings. there is a world where it is top of mind for us. we will have to add it. we are the amazon of crypto assets, so we are a platform, we are asset agnostic and we are going to add as many to them -- many of them as we can. it is a huge focus for our company. emily: obviously bitcoin well up -- way up on the year. when you look at the markets, you see a overheating market or do you see bubbles within the market? >> we don't look at it that way.

we want to use these periods to think about the long-term. there are a bunch of assets taking off. there are a bunch of features taking off. we want to use this momentum to invest in the business. even when the crypto markets are down, we still look at it that way. you will see in the shareholder letter, we talk about how we did major acquisitions during a time when the market was very down. it helped cement our place. the way we operate is you cannot get too hyped up or too sad during bad times because we believe in this generational company where building. -- that we are building, and over the longer-term, it is going to keep going up and up.

emily: bloomberg is reporting the irs is asking for more information. you have the sec looking into which clients are coins and which are not. what are you expecting from the new sec and this regulatory environment? do you expect to see some changes ahead? >> our foundation was built on a heritage of regulatory compliance. a very unintuitive move. because of that, we have a front door to be a tape of relationship. we have ongoing dialogue with regulators. how do we make sure we are always protecting the customer and being on the side of the customer first and foremost? and at the same time, making sure we are pushing innovation forward and we are not

unconsciously stifling anything that can be the next technology frontier. for us, we view regulatory as a competitive advantage for coinbase. we think regulators understand the opportunity and we are going to work with them to craft out what looks right. emily: coinbase is the dominic crypto exchange, there is competition. just announced a new exchange, there are traditional banks, there is paypal, robinhood trying to offer the services you offer. how do you stay ahead of the competition? does that involve changing your fees potentially going forward? >> we look at ourselves as the best of all worlds, so if you think about the traditional financial world, those are going to be fantastic at traditional financial markets. they are not going to be amazing at being at the crypto forward spectrum of putting -- pushing

innovation forward. we'll be able to power many of the crypto currencies. if you think about the by josh -- about the binances, they are launching features and assets like nobody's business. because they are on the leading edge of crypto, they don't have the fiat to crypto bridges. we think we offer folks the ability to get into crypto and stay in crypto. emily: coinbase ceo and -- coinbase coo and president emilie choi. coming up, amazon alexa expanding in the auto sector. as we had to break, take a look at bitcoin, which tumbled below 50,000. this is partly due to elon musk's serious decision to stop accepting the cryptocurrency as payment for electric cars, however he did just tweet, to be clear, i strongly believe in

crypto but it cannot drive a massive increase in fossil fuel use. especially cold. this is bloomberg. ♪

♪ emily: amazon is deepening its ties with ford. the company has agreed on a deal that will integrate the system digital assistant alexa into the entertainment system of f-150 trucks. it will rollout to 700,000 ford vehicles this year. let's bring in bloomberg's matt day. what can you tell us about this? mats: one of the biggest deals in probably the biggest deal that amazon is ever struck on the road. amazon has inked to one that has alexa in it.

just native alexa integration and say, hey alexa, finding a gas station and if you link your alexa account, it is supposed to work. emily: how successful do you expect this rollout to be? we have been expecting alexa to come to cars for a long time and has not delivered. matt: it is a struggle, consumers want to use what they have been dealing with, so there are plenty of ways folks could already access alexa in a wide range of vehicles, and in a lot of cases, there was not usefulness, so making this a more organic experience, amazon and ford are hoping that people take them up on it. emily: meantime, amazon hiring an additional 75,000 logistics workers. talk to us about how this compares to prior seasonal hires, the hiring they did in the midst of the pandemic. >> during the pandemic, they hired about 500,000 people. this is a sign that the pace of

demand from homebound shoppers is not going away even as certain markets reopen. people go back out in the world and simply shop in person, they think they will need a whole lot of folks to pack and pick items. it might be a way for them to get up on a tightening labor market and announce their intentions early and get some more applications. emily: putting out a big help wanted sign. thank you. bloomberg's matt day with that report on amazon. coming up, bumble out with a egg -- with a big beat, but shares falling below the ipo price for the first time, hitting a record low. we will speak to the founder and ceo. her outlook on how online dating post-pandemic will evolve. this is bloomberg. ♪

♪ emily: welcome back to bloomberg technology. i'm emily chang in san francisco. let's get a quick recap on the markets with ed ludlow in san francisco. you have zeroed in on bitcoin, and of course, a fresh tweet from elon musk. ed: he is saying, i strongly believe in crypto but it cannot drive a massive increase in fossil fuel use. come with me into my bloomberg terminal, it has been a roller

coaster ride for the cryptocurrency over the last 24 hours. it all started in that yellow circle, when elon musk tweeted that tesla will suspend use of bitcoin as a means of payment for its vehicles. remember, in the last quarter, it disclosed that not only is a company had it invested in bitcoin, but it would accept bitcoin as payment for its cars. bitcoin falls down to $46,000. we pared some of those losses back. and then, in the last hour, he seems to be walking back his support, saying yes, i do believe in cryptocurrencies. we have this fantastic bar chart that puts this in context, if you flip the boards. there is as much energy being used to mine bitcoin as there is being used by entire countries. but here's the thing. if you look at that video on your screen in the chart elon musk is tweeting about, the mission statement at tesla has always been to advance the transition to sustainable energy. he is the head of a company that does solar and energy storage. so why is this a surprise to

him? is it a question of, they just didn't check, him and the cfo? or is this about some short-term jumps we have seen in the amount of energy being used to mine bitcoin? he has certainly put out a lot of questions, emily, but i think unless he tweets more, i don't think we are going to get a lot of answers. emily: ed ludlow, always looking for more answers when it comes to elon musk. thank you for that report. meantime, dating company bumble beating big on revenue, turning a profit for the first time. but shares, tumbling below the ipo price for the first time, in part due to a cautious outlook of the future of online dating post-pandemic. the app is actively finding ways to keep users engaged online and off-line. joining us to discuss, bumble founder and ceo whitney wolfe herd. whitney, thank you so much for joining us. always good to have you. so many huge milestones this quarter -- revenue, profit, gaining users. start there -- what were the key drivers? whitney: we are really proud of the team. we drove great results this quarter. the drivers are continued

investment in product, marketing, brand, safety. we saw a lot of re-engagement. we saw a lot of new subscribers. so everything across the board is looking good. we are proud of the foundation of this business. we are seeing early signs of pent-up demand and this reemergence into the real-like dating. but what is exciting is, even in those markets where real-like dating is reemerging, we are still seeing a surge in video. that suggests people have really leaned into this digital first way of meeting, even regardless of quarantines lifting and so on and so forth. so we are seeing people meet first digitally, check each other out by video, make sure they want to meet that person, save each other's time, and then they go out into the real world. so we are seeing really great signs of this pent-up demand and we are really excited about the future. emily: and yet investors seem concerned about the outlook. i know you said you are being conservative, but why be

conservative when you are seeing this much meant? and what does online dating look like post-pandemic? whitney: we are not here to predict what happens with this virus around the world. you are seeing still very dire circumstances in places like india and brazil. and we don't feel it is appropriate for us to be the judge of what happens next. do new variants spread, and what happens from there? even though we fundamentally have proven that even in a pandemic, our numbers are great, we keep customers engaged, finding a way to meet during circumstances like a quarantine, we are very excited about the reopening opportunity. in areas of reopening, we are seeing great three engagement rates, which suggests that people who switched off dating during quarantine are now coming back, and they are coming back and they are using the product a lot. we are also seeing great

engagement on aff, which suggests people are ready to get out there and have community. they want friends and community to go and do the things they love with. so there is a lot of great trends here, but again, it is not our job to predict when this pandemic ends. and we want to be conservative in that nature. but as we have said before, we really feel that we benefit as we come out of this. and say the pandemic does continue on for the foreseeable future, we hope that is not the case, we do believe we serve a great purpose then as well. emily: interesting trends you are seeing on the platform -- a steady number of users revealing that they are in fact vaccinated. are you also seeing vaccine hesitancy? can you talk to us about some behaviors you are pulling out? whitney: i can't go into any further behavioral insights than what we disclosed on our earnings. but we are seeing this

willingness to get back out there in person. we launched these new badges in the app that allow you to be very particular about what your level of comfort is during this pandemic. are you willing to take a walk in the park? are you willing to only do that with distance or with a mask? so it has been really interesting to see what people's levels of comfort is. and what has been even more exciting has been watching people build these full-fledged relationships without even meeting in person. so in these dark quarantines, there were people that built full relationships, and now are starting to spend time in person together. and that is fascinating to see. and we are really confident that even if the virus does continue, that we serve this great purpose. people need to meet each other. we have talked about this before. nothing can hold people back from the sheer need to find love and friendship. so this is something that is not just a matter of circumstances.

this is a true need. emily: user growth up 30%. what demographics are you seeing mostly? we have talked about more folks of an older generation, can you break down who these new users are in where they are coming from? whitney: the interesting thing about bumble is, these customers are all across the map. we have great engagement and new customer growth with generation z, millennials, but also gen x and boomers. there has been a whole new wave of people looking for second chances, going through divorces or breakups. the pandemic has not just been the quest for love, it has also been this new beginning opportunity. so we are really seeing people come from across the map. and what is interesting about bumble, contrary to other social media, not everyone sees everyone. if you have a young woman in college using bumble, her mother joining is not an issue for that

college student, where it might be on a social media platforms, because people really see the age groups they are searching for. and this is a huge focus of ours, leaning into these segments and curating an experience from a product marketing standpoint and doubling down on our efforts so that we are not just the app for millennials or for x. this is a brand and product that speaks for everyone. and that is something that is unique to us. emily: you have invested a lot to grow your international business. how much fruit is that bearing? whitney: international has been a tremendous highlight for us. germany is growing extremely rapidly. it is rapidly becoming our third-largest markets. we are seeing this resonate in all different cultures, communities, across languages. it just suggests that the bumble mission, the bumble brand, the bumble product, this is not only needed and wanted around the world, but it is working.

women across the globe want to be treated with respect. they want to be in the driver seat. they do not want to be inundated with messages. they do not want to be bombarded or treated poorly online. and that has been bumble's driving force from day one and this is resonating in a real and profound way. and when you think about our global growth opportunity, it is massive. it is so large and we are just at the very beginning of our international growth. so this is a playbook we are investing heavily in and rolling out across the globe. emily: will be watching that. bumble founder and ceo whitney wolfe herd, thanks so much for stopping by. coming up, the spac king is doing just fine, even as the spac bubble starts to deflate. that story, next. this is bloomberg. ♪ ♪

emily: billionaire chamath palihapitiya is one of the biggest cheerleaders and beneficiaries of an insane market bubble. and the spac king, or so he is called, has a 100% can't-miss investment that will most likely pay off for himself. there is a fascinating profile by zeke faux in this week's "bloomberg businessweek" magazine. zeke, i interviewed chamath many times over the years. he was always brazen, controversial. but he has taken that to another level in the last couple of years. tell us more about what surprised you, what you found

out about him in your reporting? zeke: if you are watching this, you probably know chamath, i feel like he is one name now. maybe you have seen him call out venture capitalists, where he made his fortune, ruining society. but in recent months, he has been promoting spac's. and he says these are a way for regular people to get in on the private in on the kind of private tech deals that made him rich. his interests are aligned with theirs, he has even gone so far to say this was like a solution for income inequality, bringing these great investments to the people. to see if his interests really work aligned with the people he said they were aligned with. emily: let's talk about that. we have an interview with chamath, talking about spac's. chamath: i think that spac's are very much here to stay. using the language of

inequality, it evens the playing field. it democratizes access to high-growth companies. how? it allows retail and longtail institutional investors, folks who may not have necessarily been tier-one hedge funds, now they can also play. emily: you looked into one of chamath's spac's in particular, grover health. what did you discover? zeke: he pitched grover health as a tech company that was going to disrupt health care. looking a little below the but surface, it is a small, money-losing insurance company offered almost exclusively in new jersey, that has recently developed a tech product for doctors, but has yet to see that result in profits. it seems to me like a pretty risky play. but the way that chamath set up

the deal, as with all spac's, the sponsor is getting a 20% promote, which means 20% of the stock in the spac goes to him for setting up the deal. so even though he also put some of his own money in, he is set up to profit basically no matter what happens to the stock. and in the case of clover, the stock has crashed after and expose by a short seller, hindenburg research. and chamath and his partners have still basically doubled their money. emily: are you saying that chamath's interests aren't aligned with the interests of the investors he is giving advice to? zeke: he would make more money if the stock went up. in that sense, they are aligned. so when somebody says you should be grateful to them for bringing this special deal, i am always skeptical. it seems to me that his interest is doing more deals, promoting

deals at high value so that he can attract more companies to his spac platform, and investors should be skeptical that he is offering them to make the crazy profits he has made in the past on some of his really good investment picks. emily: what are you expecting as the sort of next iteration of chamath to be? he announced a possible run for governor if gavin newsom got recalled here in cal, then abruptly pulled out. what is next? zeke: if chamath follows this pattern, in about two years he is going to be telling everybody what jerks the spac sponsors were and how they were all out for themselves. but in all seriousness, he has got another spac going right now. he is supposed to be taking equinox holdings public.

and i think it will be a test to see if he can keep this going while still having some of his deals be misfires. because for a while, it seemed if you just gave your money to chamath, you would make a lot of money. and i don't know if his deals will have as much appeal if they are not seen as a sure thing, like the work earlier this year. emily: and when you look at some of the other investments he has made across-the-board, do you see other places, other investments, other deals that raise your eyebrows? zeke: recently, he has gotten into a site called bitclout, which is sort of like a social media platform where you can buy coins tied to people's personalities. it doesn't make very much sense to me. i would be very shy to send them my money. but on bitclout, the chamath

coin was, last i checked, is the third most valuable. he has been talking about -- i will be curious to see what he does next too. emily: i think we all are. zeke faux, "bloomberg businessweek." check it out in the latest edition of the magazine. coming, disney shares tumbling after hours after the company reported second-quarter disney plus subscribers fell below expectations. we will discuss that and parks reopening with disney ceo bob chapek, next. he is joining us from burbank. this is bloomberg. ♪

♪ emily: welcome back to "bloomberg technology." i'm emily chang in san francisco. i want to welcome all our audience members on bloomberg television and bloomberg radio.

disney's second quarter earnings beat on revenue. disney+ subscribers fell short of expectations. we are going to talk about it right now, with disney ceo bob chapek from burbank. bob, it was a huge quarter for you. you reopened disneyland finally. but i want to focus on disney+, investors looking at this subscriber miss. what happened? bob: we met the expectations we set out to hit -- the 230, 260 million households that we guided to back in december. so far, this first two quarters of the year, we added 30 million households to our disney+ subscriber base. so we are happy where we ended up in think we have a great road paved all the way to the guidance we gave back in december. emily: so your national

streaming service has been rolling out abroad. curious how much that brought the market for you, and how many new sign-ups you saw for disney+ as a result of that? bob: we have now launched in a number of markets, i think 59 audits across the world. we have not been disappointed yet in terms of the uptake of subscribers in each of those markets that we have grown. we have executed a little bit differently in each piece of the world depending on which content rights we have, at what the particular needs are of the consumer, and whether we have sports rights in those markets. but in terms of the diversity, we have been absolute, both across our general entertainment platforms, which is the star platform, as well as our disney+ platform. so very, very happy with it and the uptake across all markets. emily: you ran the park for many years, and we are hearing so much talk about a huge summer search, a roaring 20's like surge.

how big a surgeon summer demand are you expecting to see? bob: we are really encouraged by what we are seeing not only in current attendance, but forward bookings. and today, with the cdc guidance in terms of the relaxation of the mask requirement, we think it will be a big catalyst for growth, and actually being able to put the number of people in our parks that we are more accustomed to. so it is very, very positive. our future bookings are looking great. at walt disney world, in fact, they are already back up to fiscal year 2019 levels, which is of course pre-pandemic. and that would be the greatest barometer of all, at least in terms of the reassurance that disney has built up with guests, that it is going to operate responsibly. there is a craving.

i saw this on main street at disneyland when we opened up. there is a craving, not only for our guests, but for our cast to come back, to experience that magic with your friends and family. so we are just glad to be able to bring people back to work, and please our guests at the same time. emily: as you mentioned, this big news from the cdc. we are still waiting for children to be vaccinated. are you still waiting for children to go mask-free in the park, or customers in general? bob: we are still digesting the guidance given a few hours ago but we think that is in the future for us, the near future, in fact. and i think it is going to make for a much more comfortable experience this summer in the heat and humidity at walt disney world in orlando. emily: let's talk about florida, because florida has lifted all restrictions.

and i'm curious how far away you are from 100% capacity, and will you get to 100% by the end of the summer? bob: there is a variety of guidance we have taken since this pandemic started. we have national guidance from the cdc, health officials from the state, the governor of the state, local mayors, and everybody sort of comes to what seemingly is the same realization over the past couple of weeks, that it is safe to reopen, that people do not need wear masks. social distancing requirements are literally evaporating right before our eyes, and i think that gives us the ability to create that sense of community in our parks, and bring back some of the experiences we unfortunately have had to put a hold on, the parades, the fireworks, the meet and greets with our characters. that is really a part of the

disney experience. we are thrilled that the cdc has come to this point given the increase in vaccinations, declining case rates, and general sense that people are not willing to travel. and we see that consumer confidence in our research growing, whether it is the willingness to jump on a plane, but mostly to be able to come back to a disney park and feel comfortable doing it. emily: meantime, new agreement with the mlb, 30 regular-season games instead of 90, but the games will be simulcast on espn and espn plus, as i understand it. does this mean you are paying less? and does this speak to your commitment to the bottom line? bob: the deal we struck with the mlb is reflective of the great value we are getting in terms of our ability to take higher profile games, more postseason games, the entire wildcard series, and bring it to our guests across a variety of disney platforms. and we have done it in a way that is very creative to shareholder value. emily: bob chapek, ceo of disney, thanks so much for joining us. and to our bloomberg tv and radio audiences, that does it

for this edition of "bloomberg technology." this is bloomberg. ♪

>> the following is a paid program. the opinions and views expressed do not reflect those of bloomberglp, its affiliates, or its employees. >> the following is for the teeter fits bind. >> hi, i'm roger teeter. believe me, i truly understand your back pain. in my 40's i wrecked my back. i could hardly get out of bed. i